a) Sinovet Researchers surveyed 520 people on how they get news. They found out that 340 read…
a) Sinovet Researchers surveyed 520 people on how they get news. They found out that 340 read newspapers for their news, 180 listen to radio and 150 watch the Television. 80 read the newspapers and listen to radio, 85 read news papers and watch television and 35 listen to radio and watch television. If 25 utilize none of the three media, determine the number that
used utmost two sources of news. (6 marks )
b) CD solutions Ltd. manufactures and replicates CDs for software and music recording companies. CD solutions sell each disc for $2.50. The variable costs per disc are $1.00.
a) To just break-even, how many CDs must be sold per month if the fixed costs are
$60,000 per month? (2 marks)
b) What must the sales be in order to have a profit of $7500 per month? (3 marks)
c) Calculate the missing quantities: (6 marks)
|
Part |
Sales ($) |
Variable costs ($) |
Contribution margin ($) |
Fixed costs ($) |
Net income($) |
Unit sales |
|
A |
400,000 |
? |
20 |
100,000 |
60,000 |
? |
|
B |
? |
60,000 |
10 |
? |
12,500 |
4000 |
|
C |
360,000 |
? |
? |
90,000 |
60,000 |
5000 |
